Balfour Beatty, the international infrastructure group, announced today that Gammon Construction, a leading Hong Kong construction company that is 50% owned by Balfour Beatty, has been awarded a contract worth HK$8.66 billion (£720 million) to design and build a major strategic road.
The HKSAR Highways contract to construct the Southern Connection Viaduct Section of the Tuen Mun – Chek Lap Kok Link (TM-CLKL) in Hong Kong is the largest solo civil engineering contract ever awarded to Gammon Construction.
Balfour Beatty Chief Executive, Andrew McNaughton said: “Balfour Beatty is a diverse business with the capability to design, construct, manage and finance major infrastructure projects all around the world. Complex transport challenges like this sea viaduct are where we have particular expertise and this contract award shows just how valued those skills and experience are.
“It’s great news that this project will generate more than 1,500 local jobs. It demonstrates the value that investment in big infrastructure projects can bring to the local economy.”
The work on the Southern Connection Viaduct Section, which is part of the 9km long TM-CLKL, includes the design and construction of a 1.6 km dual 2-lane sea viaduct between the Hong Kong-Zhuhai-Macao-Bridge, Hong Kong Boundary Crossing Facilities and North Lantau as well as the construction of nine smaller approach viaducts.
Work is due to start in June this year and will be substantially completed by the end 2016 and fully completed by April 2017.
Analyst/investor enquiries:
Basak Kotler
Balfour Beatty plc
Tel. +44 (0)20 7216 6924
basak.kotler@balfourbeatty.com
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BalfourBeatty-maitland@maitland.co.uk
Notes to editors:
Balfour Beatty (www.balfourbeatty.com) is an international infrastructure group that delivers world class services essential to the development, creation and care of infrastructure assets; from finance and development, through design and project management to construction and maintenance.
Our businesses draw on more than 100 years of experience to deliver the highest levels of quality, safety and technical expertise to our clients principally in the UK, the US, Southeast Asia and the Middle East. We continue to develop our business in key growth markets in South Africa, Australia, Canada, Brazil and India.
With proven expertise in delivering infrastructure critical to support communities and society today and in the future, our key market sectors include transportation (roads, rail and aviation), power and energy, mining, water and social infrastructure such as hospitals and schools.
Balfour Beatty employs 50,000 people around the world.
